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Ajwa Projects IPO
Ajwa Projects IPO
Overview
Ajwa Projects IPO is a fixed issue price of ₹38.05 crores. The issue is a combination of fresh issue of 15.00 lakh shares aggregating to ₹30.45 crores and offer for sale of 3.74 lakh shares aggregating to ₹7.60 crores. Ajwa Projects IPO opens for subscription on Oct 28, 2026 and closes on Oct 30, 2026. The allotment for the Ajwa Projects IPO is expected to be finalized on Nov 2, 2026. Ajwa Projects IPO will list on the BSE SME with a tentative listing date fixed as Nov 4, 2026. Ajwa Projects IPO is set final issue price at ₹203 per share. The lot size for an application is 600 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,43,600 (1,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,800 shares), amounting to ₹3,65,400. Wealth Mine Networks Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd.
Total Shares
18,74,400
Issue Size
₹38 Cr
Price Band
₹203 – ₹203
Lot Size
600 shares
Min. Investment
₹1,21,800
Max. Investment
₹1,21,800
Open Date
28 Oct, 2026
Close Date
30 Oct, 2026
Allotment
02 Nov, 2026
Listing
04 Nov, 2026
Max. Investment
₹1,21,800
Announced
28 Oct, 2026
Opening Date
28 Oct, 2026
Closing Date
30 Oct, 2026
Basis of Allotment
02 Nov, 2026
Initiation of Refunds
03 Nov, 2026
Credit of Shares
03 Nov, 2026
Listing Date
04 Nov, 2026
Live GMP
Est. Listing: ₹213
Apply via UPI in 5 minutes
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About Ajwa Projects IPO
Incorporated in 2011, Ajwa Projects is a multi-disciplinary industrial services company delivering end-to-end solutions across fabrication, erection, piping, pressure equipment, prefabricated structures, civil construction, and maintenance. The company specializes in turning project plans into real, functional industrial assets. The company manufacture technological frameworks, industrial buildings, girders, heavy modules, platforms, and crane girders that are critical for plant construction
Ajwa Projects IPO Share Price
Issue Breakdown
Shareholding
Dilution: 37.5% increase in shares
Ajwa Projects IPO Financial Health
Ajwa Projects Ltd.'s revenue increased by 32% and profit after tax (PAT) rose by 65% between the financial year ending with March 31, 2026 and March 31, 2025.
Ajwa Projects IPO Lot Size
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1200 | ₹2,43,600 |
| Individual investors (IND) (Max) | 2 | 1200 | ₹2,43,600 |
| HNI (Min) | 3 | 1800 | ₹3,65,400 |
(All values in CR)
Ajwa Projects IPO Valuations
| Metric | Value |
|---|---|
| ROE | 8.42 |
| ROCE | 7.56 |
| Debt/Equity | 0.72 |
| RoNW | 8.42 |
| PAT Margin | 12.55 |
| EBITDA Margin | 19.71 |
| NAV | 48.17 |
| P/B (x) | 4.21 |
(All values in CR)
Ajwa Projects IPO Strength & Risk
Ajwa Projects IPO Strength
Business Growth: Potential to expand operations and strengthen its market presence.
Revenue Performance: Consistent revenue growth could support future profitability.
Industry Opportunities: Growing demand may create opportunities for new projects and business expansion.
Expansion Potential: Better operational efficiency and new business opportunities could support long-term growth.
Ajwa Projects IPO Risk
Financial Uncertainty: Fluctuations in revenue and profitability may affect future performance.
Cash Flow Risk: Delayed payments and working capital requirements could put pressure on cash flow.
Business Concentration: Dependence on specific customers or projects, if significant, may affect revenue stability.
Listing Risk: IPO valuation, market volatility, and investor sentiment could influence post-listing performance.
Ajwa Projects IPO GMP
Ajwa Projects SME IPO last recorded Grey Market Premium (GMP) is ₹10, updated on Oct 27, 2026 10:02:03 AM. With an upper price band of ₹203.00, the estimated listing price for Ajwa Projects SME IPO is ₹213 (cap price + today's GMP). This indicates an expected listing gain for Ajwa Projects IPO of 4.93%. • Ajwa Projects SME IPO Retail Subject to Sauda: ₹4600
Last updated 27 Oct, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 27 Oct, 2026 | 0 | ₹10 | - | ₹213 (4.93%) | 6000 | 27 Oct, 2026 |
| 26 Oct, 2026 | 0 | ₹10 | - | ₹213 (4.93%) | 6000 | 26 Oct, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Ajwa Projects IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Ajwa Projects IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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